Experts seek urgent action to save Nigeria’s wheat value chain

Wheat farm Industry leaders have called on the Federal Government to take swift and deliberate action to cushion the effects of the disruption in the global wheat market on Nigeria’s wheat value chain. The analysts made the call in a published review on the global wheat market following the war between the two top wheat-exporting […]

Read more

Shortage of tractors threatens food security

Tractor • Nation’s seven tractors per 10,000ha fall below 200/10,000ha global average • Food prices remain high despite claim of rice, grain sufficiency Shortage of tractors and critical implements for farm mechanisation has hit the country as land preparation for the 2022 dry and wet season cultivation begins across agro-ecological zones. Secretary, Agricultural Equipment Hiring […]

Read more

‘Agric ministry spent N3.8b on Ruga scheme without approval’

The Federal Ministry of Agriculture allegedly spent N3.809 billion on the Ruga Scheme without presidential or National Assembly approval in 2019, it was learnt on Saturday. This expenditure forms part of N60,795,898,225.84 by the Ministry which was the basis of a query by the Office of the Auditor-General of the Federation. The Office issued eight […]

Read more

Over N77 billion loans, bad governance kill agric bank

• Bank MD admits failure of ABP loans, as recapitalisation fails • BPE affirms BoA unviable, difficult to recapitalise Strong indications have emerged that the Bank of Agriculture (BoA) has technically become unsustainable and riddled with bad debt to the tune of N77.1 billion. This is amid failed restructuring and recapitalisation plans that had been […]

Read more

Akeredolu launches new cocoa firm eyeing export next week

We’ve invested N3b to boost cocoa business in Ondo, Nigeria – Johnvents Ondo State Governor Oluwarotimi Akeredolu will next week launch a multi-billion naira cocoa processing plant to boost Nigeria’s export trade. Already, the agro-allied indigenous company handling the project, Johnvent Industries Nigeria Limited, has invested N3 billion to boost cocoa business in the state […]

Read more

Buhari charges agriculture universities to redress food insecurity

President Muhammadu Buhari has challenged universities of agriculture in the country to bridge the gap of food insecurity and address the nation’s dependence on imported foods. He said the specialised universities must play their crucial role in catalaysing the development of the agricultural sector, to help Federal Government achieve its goal of sustainable green economy. […]

Read more

‘Seeds technology’ll reduce Nigeria’s $10b food imports, stem food insecurity’

May Hit 1million Metric Tonnes Of Seeds Nigeria’s worsening food insecurity, which has pushed the cost of food importation to over $10 billion and has escalated foreign exchange scarcity to a record high, may be significantly doused thanks to a new seeds technology. This was the enthusiasm shared yesterday in Zaria, at the coming of […]

Read more